SBA 7(a) Guaranteed Loans
Contact local lenders to inquire about their participation in the SBA 7(a) program.
SBA Answer Desk
The SBA 7(a) program provides loan guarantees for financial institutions that loan funds to small businesses. The loans are a potential option for small healthcare practitioners. Funds may be used to:
- Purchase land
- Cover construction costs
- Repair existing capital
- Purchase or expand an existing business
- Refinance existing debt
- Purchase machinery, furniture, fixtures, supplies, or materials
The 7(a) program offers flexibility, longer terms, and potentially lower down payments compared to other financing options.
To be eligible, the business must be operated for profit and fall within the size standards set by the SBA.
Privately owned medical facilities including hospitals, clinics, emergency outpatient facilities, and medical and dental laboratories are eligible; recovery and nursing homes are also eligible, provided they are licensed by the appropriate government agency and they provide more than room and board.
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.